Not usually a good sign. Maybe the Europeans selling to buy bullets for the Bazooka.
why is it up so much? there could be a lot of gold dumped into this market
What do you mean so much?It's not even$800 yet.That would be a 50% drop.Still too high for me.A 80% drop I might consider.You are funny.
If you look at the 6month chart and you put any credence in charts, it was in a rising triangle, a bearish sign, and could be beginning a deeper selloff...a breakdown out of this could take it quickly to 1420....If so, i would imagine a huge bounce off that number. This is the base from which the meteoric rise to 1900+ started...Very common in 'parabolic bursts', such as the move gold made, to retrace back to its mean and even further...Look at Dell '00, Kkd-Cien-Jdsu '11, lots of examples...Silver most likely the same move with time, thus the $19 target that many have for it..